Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
jcojci
on 30/12/2023, 15:00:26 UTC
⭐ Merited by JayJuanGee (2)
Because Bitcoin investment is not done under compelling circumstances. There are basic needs that must be prioritized apart from investment needs. Therefore, whoever is consistent with their financial management will have maximum results.
Of course we cannot force ourselves to invest in Bitcoin, because it takes a long time to be able to get a profit from the investment and if we still force ourselves to invest, of course when we experience a need that we didn't expect, of course we have to sell it in the current situation if the situation is necessary. Of course we can still make a profit and if it is the other way around, of course we will bear the losses from the investment.

It is indeed very important to be able to manage finances well so that we can invest without interference from unexpected funding needs, so we will be able to hold on until it is profitable for us to invest.
If he decides to invest in bitcoin, he can allocate a certain amount of money for his investment and meet his living needs. It's not a compulsion but he realizes that he needs an investment in bitcoin so he will try to fulfill it. Maybe he will even try to reduce unnecessary expenses to increase the amount of his bitcoin investment. People who have learned much about bitcoin investment from various sources will find out how they allocate their money. And it will not interfere with the allocation of funds for other needs.

And even though investing in bitcoin takes a long time to get benefits, he is willing to do it because he has seen the potential profits he can get from bitcoin. They must also have predicted if there would be a loss and determined what to do. But as a long-term investment, Bitcoin has never disappointed its investors.